Loading...
Please wait, while we are loading the content...
Similar Documents
Effect of Electronic Reverse Auctions on Competition and Abnormally Low Bids in Public Construction Procurement
| Content Provider | Directory of Open Access Journals (DOAJ) |
|---|---|
| Author | Nikša Jajac Ivan Marović Tomáš Hanák |
| Abstract | The increasing complexity of construction projects imposes the need to address various aspects of project management in more detail. The success of a construction project depends on many variables and the process of supplier selection is certainly one of them. In recent years, the importance of electronic reverse auctions use in public sector construction procurement has been increasing, since they can bring substantial price savings. However, auctions are also criticized since they may result in the submission of abnormally low bids. This paper therefore aims to explore the impact of electronic reverse auctions on the competitive environment in public works contracts and on the occurrence of abnormally low bids. The results of quantitative research on Czech construction tenders revealed that the use of auctions decreases the number of bidders while increasing the probability of occurrence of abnormally low bids. |
| Related Links | https://hrcak.srce.hr/file/295388 |
| ISSN | 13303651 |
| e-ISSN | 18486339 |
| Journal | Tehnički Vjesnik |
| Issue Number | Supplement 1 |
| Volume Number | 25 |
| Language | English |
| Publisher | Faculty of Mechanical Engineering in Slavonski Brod, Faculty of Electrical Engineering in Osijek, Faculty of Civil Engineering in Osijek |
| Publisher Date | 2018-01-01 |
| Publisher Place | Croatia |
| Access Restriction | Open |
| Subject Keyword | Engineering (General). Civil engineering (General) Abnormally Low Bid Competition Construction Project Management Electronic Reverse Auction Public Procurement |
| Content Type | Text |
| Resource Type | Article |
| Subject | Engineering |
